The minimum wage: A global perspective

Is the current minimum wage ethical?
It is not considered ethical because it is making countless of people fall behind. Every year, the CEO's pay is sky rocketing but the regular employees suffer trying to make a living. The minimum wage only benefits CEOs, but puts the workers down. The cost of living has gone up drastically, so the minimum wage must go up in order for the workers to sustain the living. This issue now became a global topic. The Taiwanese government recently raised the minimum wage to benefit the workers. It now has the monthly minimum wage raised from NT$18,780 (P25,813.30) to NT$19,047 (P26,180.29). The Labor Secretary of Taiwan, Rosalinda Baldoz, states : “We welcome this development as this would benefit a lot of workers. We know that the government of Taiwan ensures that the welfare of its workers is well taken care of." The Taiwanese government came up with this new development, to benefit its workers and the economy. Is the welfare of our workers well taken care of? You wouldn't say so. There are countless of minimum wage workers having trouble just trying to take care of the basic needs. It is ethical for the government to pay close attention to the needs of its people. The United States government is now considering a raise on the minimum wage. The government just introduced the Fair Minimum Wage Act of 2013. This act will raise the minimum wage to keep the pace with the rising of the cost of living. There are so many benefits the workers will receive from the act. As many as 30 million workers will receive a raise. More than 17 million children have a parent who would get a raise from this act. It would truly be amazing to benefit this huge number of people. The raise on the minimum wage will boost the consumer demand, as the low-income workers spend more money in local businesses. A raise on the minimum wage would benefit the workers and the nation as a whole. It is truly ethical to be living together and have no one fall behind.

Citation:
Raise The Minimum Wage. NELP, n.d. Web. 7 Apr. 2013. http://www.raisetheminimumwage.com/pages/fair-minimum-wage-act-of-2013.

GMA News. GMA Network, 6 Apr. 2013. Web. 7 Apr. 2013. <http://www.gmanetwork.com/news/story/302642/pinoyabroad/news/taiwan-hikes-minimum-wage-for-workers>.